Reuters: The yuan rose after China’s flexibility announcement.
Reuters: The amount of the Gulf spill could be up to 100,000 barrels a day.
Reuters: The government has no easy way out if the recovery falters.
Reuters: The UK said it could dodge the fate of Greece with an austerity budget.Reuters: The announcement on the yuan pushed oil to $79.
Reuters: Verizon (NYSE: VZ) will let customers try its FiOS service for one month with no termination fee.
WSJ: BP plc has been able to dodge some US demands by pushing back on two White Hose proposals.
WSJ: VCs are putting more money into internet security firms as person data leaks more often.
WSJ: BASF will buy Cognis for $4.1 billion.
WSJ: Manufacturers want to expand production without taking financial risk.
WSJ: Trichet urged more financial disclosure by nations in the EU.
WSJ: “Toy Story 3” brought in $109 million.
WSJ: Boeing (NYSE: BA) faces the charge that some of its pilot oxygen units are faulty.
WSJ: Honda (NYSE: HMC) was hit by another labor stoppage in China.
WSJ: JAL may need another $1.1 billion.
WSJ: Acer says it will pass Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL) as the world’s No. 1 PC firm.
WSJ: Fitch says corporate defaults have fallen to only 1%.
NYT: Federal regulators failed to act on problems that could have caused the Deepwater Horizon spill
NYT; Local stations have done little to comment on the Comcast (NASDAQ: CMCSA) deal to buy GE’s (NYSE: GE) NBCU
NYT: China’s aid to labor has not helped prevent strikes.
NYT: Special software is being used by Facebook, Yahoo! (NASDAQ: YHOO) and Google (NASDAQ: GOOG) to break down data.
FT: BP’s Hayward will try to allay the fears of his Russian partners about its finances.
FT: Amazon (NASDAQ: AMZN) will launch its online clothing business.
FT: More write-downs are expected in the CDO markets.
FT: European stress tests are raising concerns about French and German banks.
Bloomberg: Qatar will put $2.8 billion into the Agricultural Bank of China IPO.
Bloomberg: China’s holdings of US Treasuries hit $900 billion.
Bloomberg: London brokers are buying BP bonds as US firms sell them.
Douglas A. McIntyre
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